DWM
ActiveSummary
DWM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€243,319) and a net result of €9,618. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 5% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.08 in 2024), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Return on assets
41.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 11508 sector peers (2025).
NBB · sector comparisonPosition among 11508 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
7 d late
2023
274 d late
2022
640 d late
2021
88 d late
2020
17 d late
2018
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 133 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 October (4 of the last 5 filed years within 187 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€243,319▲ 3.8%
2024 · -€252,937
Total assets
€23,333▲ 2.0%
2024 · €22,887
Net result
€9,618
2024 · -€37,167
Working capital
-€243,319▲ 3.8%
2024 · -€252,937
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,097▼ 50.0%€2,675▼ 13.6%€16,376▲ 512%-€37,167€9,668
Net result€3,053within the sector's middle half▼ 49.0%€2,580within the sector's middle half▼ 15.5%€16,376within the sector's middle half▲ 535%-€37,167below the sector's middle half€9,618within the sector's middle half
Equity-€234,727below the sector's middle half▲ 1.3%-€232,146below the sector's middle half▲ 1.1%-€215,770below the sector's middle half▲ 7.1%-€252,937below the sector's middle half▼ 17.2%-€243,319below the sector's middle half▲ 3.8%
Total assets€136,276within the sector's middle half▲ 60.7%€158,404within the sector's middle half▲ 16.2%€96,935within the sector's middle half▼ 38.8%€22,887below the sector's middle half▼ 76.4%€23,333below the sector's middle half▲ 2.0%
Debt€371,002▲ 15.0%€390,551▲ 5.3%€312,705▼ 19.9%€275,824▼ 11.8%€266,653▼ 3.3%
Working capital-€234,727below the sector's middle half▲ 1.3%-€232,146below the sector's middle half▲ 1.1%-€215,770below the sector's middle half▲ 7.1%-€252,937below the sector's middle half▼ 17.2%-€243,319below the sector's middle half▲ 3.8%
Solvency-172.2%below the sector's middle half▲ 108.1pp-146.6%below the sector's middle half▲ 25.7pp-222.6%below the sector's middle half▼ 76.0pp
Current ratio0.37below the sector's middle half▲ 0.100.41below the sector's middle half▲ 0.040.31below the sector's middle half▼ 0.100.08below the sector's middle half▼ 0.230.09below the sector's middle half=
Return on assets (ROA)2.2%within the sector's middle half▼ 4.8pp1.6%within the sector's middle half▼ 0.6pp16.9%above the sector's middle half▲ 15.3pp-162.4%below the sector's middle half▼ 179.3pp41.2%above the sector's middle half▲ 203.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9,668 after a loss of €37,167 in 2024.
Key figures and ratios
Quick ratio
0.03▲
2024 · 0.00
Debt to equity
-1.10▼
2024 · -1.09
Debt ≤ 1 year
€266,653▼
2024 · €275,824
A ratio outside any meaningful range has been withheld (balance sheet total €23,333, equity -€243,319).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,545 | €483 | €3,167 | €58,842 | €1,554 | ▼ 97.4% |
| Gross operating margin9900 | €4,642 | €3,157 | €19,543 | €21,675 | €11,222 | ▼ 48.2% |
| Operating profit (loss)9901 | €3,097 | €2,675 | €16,376 | -€37,167 | €9,668 | ▲ 126% |
| Financial charges65/66B | €44 | €94 | - | - | €50 | - |
| Recurring financial charges65 | €44 | €94 | - | - | €50 | - |
| Profit (loss) for the period before taxes9903 | €3,053 | €2,580 | €16,376 | -€37,167 | €9,618 | ▲ 126% |
| Profit (loss) for the period9904 | €3,053 | €2,580 | €16,376 | -€37,167 | €9,618 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €3,053 | €2,580 | €16,376 | -€37,167 | €9,618 | ▲ 126% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,276 | €158,404 | €96,935 | €22,887 | €23,333 | ▲ 2.0% |
| Current assets29/58 | €136,276 | €158,404 | €96,935 | €22,887 | €23,333 | ▲ 2.0% |
| Stocks and contracts in progress3 | €25,630 | €22,206 | €32,873 | €22,796 | €14,144 | ▼ 38.0% |
| Stocks30/36 | €25,630 | €22,206 | €32,873 | €22,796 | €14,144 | ▼ 38.0% |
| Amounts receivable within one year40/41 | €110,646 | €136,198 | €64,062 | €91 | €9,190 | ▲ 10,027% |
| Trade receivables40 | €52,050 | €78,094 | €5,958 | €91 | €9,190 | ▲ 10,027% |
| Other amounts receivable41 | €58,595 | €58,104 | €58,104 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,276 | €158,404 | €96,935 | €22,887 | €23,333 | ▲ 2.0% |
| Equity10/15 | -€234,727 | -€232,146 | -€215,770 | -€252,937 | -€243,319 | ▲ 3.8% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Outside capital11 | €18,550 | - | - | - | - | - |
| Other1109/19 | €18,550 | - | - | - | - | - |
| Reserves13 | €1,397 | €1,397 | €1,397 | €1,397 | €1,397 | = |
| Non-distributable reserves130/1 | €1,397 | €1,397 | €1,397 | - | - | - |
| Reserves not available under the articles1311 | €1,397 | €1,397 | €1,397 | - | - | - |
| Distributable reserves133 | - | - | - | €1,397 | €1,397 | = |
| Profit (loss) carried forward14 | -€254,674 | -€252,093 | -€235,717 | -€272,885 | -€263,266 | ▲ 3.5% |
| Amounts payable17/49 | €371,002 | €390,551 | €312,705 | €275,824 | €266,653 | ▼ 3.3% |
| Amounts payable within one year42/48 | €371,002 | €390,551 | €312,705 | €275,824 | €266,653 | ▼ 3.3% |
| Trade debts44 | €1,555 | €20,711 | €10,813 | €15,928 | €2,660 | ▼ 83.3% |
| Suppliers440/4 | €1,555 | €20,711 | €10,813 | €15,928 | €2,660 | ▼ 83.3% |
| Advances received on contracts in progress46 | - | - | - | - | €0 | - |
| Taxes, remuneration and social security45 | - | €393 | €2,354 | €10,602 | €2,850 | ▼ 73.1% |
| Taxes450/3 | - | €393 | €2,354 | €10,602 | €2,850 | ▼ 73.1% |
| Other amounts payable47/48 | €369,447 | €369,447 | €299,538 | €249,295 | €261,143 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,053 | €2,580 | €16,376 | -€37,167 | €9,618 | ▲ 126% |
| Operating cash flow (approximation) | €3,053 | €2,580 | €16,376 | -€37,167 | €9,618 | ▲ 126% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €9,618
Net result €9,618 after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
01-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 274 days late
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 640 days late
2024
31-12
Financial
Weakest financial yearnet -€37,167
Net result drops to -€37,167, the lowest in the series; recovery starts the following year.
2023
31-12
Financial
Highest result since 2018net €16,376 ▲535%
Operating result €16,376, net result €16,376, both a record.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Back to profitnet €5,988
Net result €5,988 after one loss-making year.
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lint · 1 establishment unit since 2017
Ground area
4,052 m²
Building footprint
250 m²
Parcel 11025D0275/00M002, Flanders. Linked by address, not a title deed.
1 establishment unit
Liersesteenweg 237, 2547 Lint
since 20172.264.540.719
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11025D0275/00M002 | Flanders | 4,052 m² | 1 · 250 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Grobbendonk
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,501 companies in sector 46649 we hold annual accounts for 1,762. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
43990Other specialised construction activities
46641Wholesale trade
46642Wholesale trade
46647Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467169816
Also
9925:BE0467169816
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.